News Flash

Post Image
DNV recovers from fleet management system ransomware attack

Categories: News Flash

Date: Mar 16, 2023

DNV announced all users are back online on its dedicated ShipManager servers after the ransomware a...

Post Image
ONE Adds to Orderbook with Order for Ten Large Containership

Categories: News Flash

Date: Mar 16, 2023

Despite falling freight rates and uncertainty regarding consumer demand, container shipping’s ord...

Post Image
UAE Bunkering Hub Falling Behind on Alternative Fuels

Categories: News Flash

Date: Mar 16, 2023

UAE’s Fujairah must step up investments for storage and supply of new alternative fuels as these ...

Post Image
TFG Marine targets 20% bunker sales rise through expansion

Categories: News Flash

Date: Mar 15, 2023

TFG Marine, majority owned by commodities trader Trafigura, aims to increase its marine fuel sales ...

Post Image
Seanergy Maritime Remains Confident of Dry Bulk Market’s Prospects Moving Forward

Categories: News Flash

Date: Mar 15, 2023

Seanergy Maritime Holdings Corp., announced today its financial results for the fourth quarter and ...

Post Image
Baltic index hits near 12-week high on heavy capesize demand

Categories: News Flash

Date: Mar 15, 2023

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...

Post Image
Tanker sales surge as Ukraine war divides maritime fleet over Russian cargoes

Categories: News Flash

Date: Mar 15, 2023

The war in Ukraine has spurred a flurry of sales and purchases of oil tankers over the past year as...

Post Image
Iceberg, as large as Greater London, poses threat to shipping, fishing, wildlife

Categories: News Flash

Date: Mar 15, 2023

Scientists are concerned about a massive iceberg, the size of Greater London, which could potential...

Post Image
Kazakhstan to ship 20,000 tonnes of crude to Germany in March

Categories: News Flash

Date: Mar 15, 2023

Kazakhstan plans to ship 20,000 tonnes of crude to Germany this month via the Russian Druzhba pipel...

Post Image
NYK Sends First Ship For Green Recycling in Bangladesh

Categories: News Flash

Date: Mar 15, 2023

Bangladesh-based ship recycling company, PHP Ship Recycling, has achieved a significant milestone b...

Post Image
MSC Hits New Milestone, Takes Delivery of World’s Largest Containership

Categories: News Flash

Date: Mar 15, 2023

The Mediterranean Shipping Company (MSC) received delivery of the world's largest containership in ...

Post Image
Bulk carrier disabled by water ingress at Lyttelton, NZ

Categories: News Flash

Date: Mar 15, 2023

Bulk carrier LOYALTY HONG, berthed at Lyttelton, New Zealand, suffered engine room flooding during...

Post Image
Wärtsilä Optimised Maintenance Agreement to support operational performance of National Petroleum Construction Company’s fleet

Categories: News Flash

Date: Mar 14, 2023

The technology group Wärtsilä has signed a five-year Optimised Maintenance Agreement with Nationa...

Post Image
S&P Global Commodity Insights Acquires Tradenet & MINT to Further Strengthen Shipping Offering

Categories: News Flash

Date: Mar 14, 2023

Traders, producers, investors and governments are racing to secure software solutions that can offe...

Post Image
Cargo is key to fair emissions calculations, says SHIPNEXT CEO

Categories: News Flash

Date: Mar 14, 2023

A new emissions index has been developed by independent shipping platform SHIPNEXT, in a bid to add...

Post Image
HSFO cash premiums retreat, Hi-5 spread may widen

Categories: News Flash

Date: Mar 14, 2023

Spot fuel oil premiums for high sulphur fuel oil (HSFO) declined on Monday, although a flurry of tr...

Post Image
Vessel demand drives Baltic index to over 11-week high

Categories: News Flash

Date: Mar 14, 2023

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...

Post Image
Strong LNG Imports in the EU Are Expected for the Summer Period

Categories: News Flash

Date: Mar 14, 2023

European LNG imports are expected to rapidly increase over the course of summer, boosting demand fo...

Post Image
India’s bitumen sector shrugs off curbs on ageing ships

Categories: News Flash

Date: Mar 14, 2023

India's bitumen market expects to see minimal impact from new shipping regulations, which will halt...

Post Image
Competition Intensifying between Korean, Chinese Shipbuilders in Taking Orders for Methanol-Powered Ships

Categories: News Flash

Date: Mar 14, 2023

As methanol-powered ships are rapidly emerging as next-generation eco-friendly ships, competition i...

Post Image
French LNG terminal disruptions expected to continue tomorrow

Categories: News Flash

Date: Mar 14, 2023

The strike against the French government’s planned pension reforms that have disrupted French liq...

Post Image
India’s duty-free sunflower oil imports from Black Sea set to drop this year

Categories: News Flash

Date: Mar 14, 2023

India is likely to import 1.5 million tonnes of duty-free sunflower oil during the current fiscal y...

Post Image
Product Tanker Market Flows Shifting After Ban on Russian Imports

Categories: News Flash

Date: Mar 13, 2023

The product tanker market flows have changed considerably since the EU ban on Russian imports. In i...

Post Image
Shipping cost drops as larger vessels can enter Ctg port after Karnaphuli capital dredging

Categories: News Flash

Date: Mar 13, 2023

After completion of the capital dredging of the Karnaphuli River, the shipping cost has come down a...

Post Image
Anglo-Eastern set to go wide with Starlink Maritime

Categories: News Flash

Date: Mar 13, 2023

This week celebrates the first formal installation of Starlink’s maritime broadband service withi...

Post Image
S.N. Corporation Bangladesh ship recycling yard achieves HKC compliance

Categories: News Flash

Date: Mar 13, 2023

The certification of M/S. S.N. Corporation’s Unit-02 ship recycling yard at Shitalpur, Sitakunda ...

Post Image
Asia-US container rates continue to plunge; US ports ‘wide open’ as consumer demand wanes

Categories: News Flash

Date: Mar 13, 2023

Rates for shipping containers from Asia to the US continued to slide this week as congestion has la...

Post Image
Crude shipping revs up; supertanker rates top $100,000 a day

Categories: News Flash

Date: Mar 13, 2023

Spot rates for very large crude carriers (VLCCs) — tankers that carry 2 million barrels of oil ...

Post Image
Oil and gas contractors to strike over pay

Categories: News Flash

Date: Mar 13, 2023

Oil and gas contractors on a series of North Sea platforms have voted to take strike action. Uni...

Post Image
Tankers: VLCC Market Receives Strong Boost

Categories: News Flash

Date: Mar 13, 2023

Clean The Middle East Gulf has been active this week with rates improving on all sizes. TC1 (75k...

Post Image
Carbon emissions from Indian marine sector lower than global average

Categories: News Flash

Date: Mar 13, 2023

The carbon emissions from the Indian marine fisheries sector is much lower than the global level, a...

Post Image
Ukraine, Romania agree to check depths of Danube canals

Categories: News Flash

Date: Mar 13, 2023

Ukraine and Romania have agreed to check the depth of canals off the Danube river which Kyiv uses t...